Assistant Manager, Private Banking Operations

It is essential for all applicants to have previous banking experience within cash management covering recs, position keeping and investigations.

Our client, an international bank in London, is looking for a Assistant Manager, Private Banking Operations to join their team.

The successful candidate will be responsible for supervising transactional work of a small team, all aspects of cash management, act as a Supervisor to the team, oversee Treasury transactions, lead the Investigation and Reconciliation team.

Responsibilities:

• Be responsible for all aspects of Cash Management


• Have custodial responsibilities for safe, cheque books, electron cards, safe custody and Managers cheques and drafts.


• Supervise/check all processing ensuring continuous compliance with regulatory requirements


• Monitor quality service indicators / SLA’s and control checklists


• Identify and supervise an appropriate cross training program


• Liaise and provide Operational support to the Treasury team with Treasury transactions


• Accuracy, validity and completeness of all transactions processed within bank operations


• Ensuring reroute, suspense, nostro, vostro, sundry account etc. are updated and reconciled


• Reporting of all FD placements and closing FX positions with Treasury


• Act as a gate-keeper for all Operations transactional and system issues


• Responsible for organising large cash withdrawals


• Be involved in testing of system upgrades to ensure that all functionality is operating correctly before implementing into the Live systems


• Lead all testing all system changes and liaise with all key stakeholders for timely delivery of tasks related to projects for various systems.


• Raise issues where new initiatives are not compliant with the regulatory environment and benchmark the new changes to best practices at Head Office.


• Daily oversight of treasury deals


• Completion of Operational Risk Event Forms


• Agree with Head of Operations a plan of Quality Control assessments of regular and ad-hoc tasks undertaken by Operations department.

Supervision

• Checking and verifying transactions as per delegate powers


• Responsible for allocating client instructions to the appropriate area for processing


• Delegate and allocate task to Administrators and monitor completion


• Record Management and housekeeping


• Work with team to identity training needs and requirements

Skills / Attributes Required:

• Minimum 12 months’ experience within Banking Industry


• System knowledge and experience in SWIFT, Clear stream are desirable


• Intermediate knowledge of Microsoft Word, Excel and Outlook


• Knowledge / understanding of FCA money laundering regulations


• Risk and control focus on operational processes


• Minimum of 6 years in similar environment (preferably with some experience in a Private Banking office)


• Good understanding of Treasury Operations is essential. Good supervisory skills gained through previous experience


• Up to date knowledge on FSA AML requirement

For more information on this role please contact Judith Webb quoting ref 16718JW.